SEOUL, Feb. 25 (Korea Bizwire) — South Korea remained the top country where women workers face low wages, a report from the Organization for Economic Cooperation and Development (OECD) said Monday. Data from 2017 showed that 35.3 percent of female workers in South Korea were being paid low wages. Employees who were getting less than [...]

SEOUL, Jan. 28 (Korea Bizwire) — South Koreans’ financial literacy was slightly lower than the average of the Organization for Economic Cooperation and Development (OECD) countries last year, a survey showed Monday. The financial literacy of South Korean people aged between 18 and 79 came to 62.2 points in 2018, according to the survey by the Bank of Korea [...]

SEOUL, Jan. 13 (Korea Bizwire) — South Koreans put in an average of 1.3 fewer hours at their jobs in 2018, but the country still had one of the longest workweeks among Organization for Economic Cooperation and Development (OECD) members, official data showed Sunday. According to the Statistics Korea, South Korean employees worked 41.5 hours [...]

SEOUL, Dec. 3 (Korea Bizwire) — Thirty-one percent of people aged 65 or older held low-wage jobs, such as cleaners or security guards for flats, last year after their retirement, a report said Monday. The report by state-run Korea Development Bank showed a rising poverty rate among elderly people in fast-aging South Korea, already highest [...]

SEOUL, Nov. 29 (Korea Bizwire) — Experts have warned that the quality of life in South Korea is low compared to the population’s income levels. In response, the government plans to come up with a measure to accurately measure quality of life in order to create solutions that build on the result. This is according [...]

SEOUL, Nov. 23 (Korea Bizwire) — South Korean households’ medical expenses are much higher than the average for members of the Organization for Economic Cooperation and Development despite a continued downturn, data showed Friday. Households’ expenditures accounted for 33.3 percent of South Korea’s total medical expenses in 2016, according to the data from the Korea [...]

SEOUL, Nov. 1 (Korea Bizwire) — South Koreans rank first among major economies in terms of visits made to hospitals in 2016, government data showed Thursday. According to the data by the National Health Insurance Service, South Koreans visited the doctor’s office an average of 17 times in 2016, much higher than the average of [...]

SEOUL, Oct. 29 (Korea Bizwire) – South Korea’s suicide rate remains the highest among developed nations despite declines in recent years, comparative statistics from welfare authorities indicated Monday. An analysis of health data from the Organization for Economic Cooperation and Development (OECD), conducted by the Ministry of Health and Welfare and the National Health Insurance Service, showed [...]

SEOUL, Oct. 28 (Korea Bizwire) — Only a third of South Koreans believe themselves to be healthy, despite the country’s average life expectancy being one of the longest among advanced countries, a report showed Sunday. According to the report released by the Ministry of Health and Welfare and the National Health Insurance Service, based on [...]

SEJONG, Oct. 18 (Korea Bizwire) — South Korea’s corporate tax rates as of this year are the seventh highest among member states of the Organization for Economic Cooperation and Development (OECD), the finance ministry’s data showed Thursday. A report from the ministry provided for a parliamentary audit, released by opposition lawmaker Shim Jae-chul, said South [...]